ICICI Securities raised its target to INR 425 for Eternal stock

Published on 10/21/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 revenue reached INR 202.11 billion and profit INR 0.92 billion. Eternal stock enters October 21 results with INR 226.30 billion revenue estimates.

Earnings and valuation markers

ICICI Securities raised its target from INR 360 to INR 425 on October 7, 2026.
Eternal reported INR 202.11 billion in revenue and INR 0.92 billion in net profit for the first quarter of fiscal 2027.
The board is scheduled to consider September-quarter and half-year results on October 21, 2026.

Eternal, INE758T01015, Illustration mit AI erstellt.

Eternal (INE758T01015) saw ICICI Securities raise its target from INR 360 to INR 425 on October 7, 2026, according to Moneycontrol. The company is scheduled to publish September-quarter and half-year results on October 21, 2026, keeping Blinkit growth and profitability at the center of the earnings discussion.

Target rises on growth assumptions

ICICI Securities maintained its Buy rating and lifted the target by INR 65, a 18.06 percent increase from INR 360. The October 7 report projected Blinkit net order value growth of 76.00 percent year over year for the second quarter of fiscal 2027 and food-delivery net order value growth of 21.00 percent.

The broker also estimated adjusted EBITDA of INR 1.50 billion for Blinkit and INR 6.40 billion for food delivery in the second quarter of fiscal 2027. Those estimates make operating leverage the key test behind the higher valuation, especially as the quick-commerce business expands its store network.

What does the earnings setup mean?

For the first quarter of fiscal 2027, Eternal reported revenue of INR 202.11 billion, up 182.00 percent from the year-earlier period, and net profit of INR 0.92 billion, according to Upstox. Analysts surveyed for the September quarter expected revenue between INR 219.00 billion and INR 226.30 billion, while expected net profit ranged from INR 3.20 billion to INR 3.85 billion.

Three dates changed the setup

On July 22, 2026, Eternal reported first-quarter revenue of INR 202.11 billion and net profit of INR 0.92 billion. On October 7, 2026, ICICI Securities raised its target from INR 360 to INR 425. On October 21, 2026, the board was scheduled to consider unaudited results for the quarter and half-year ended September 30, 2026, according to Bsenexus.

Next reporting date is October 21

The next substantiated event is the October 21, 2026 results meeting. The earnings conference call is scheduled for 5:00 p.m. IST on the same date, with management expected to address quick-commerce growth, margins and competition.

Valuation meets execution

The higher target rests on a quantified growth case rather than on the first-quarter revenue figure alone. Investors will now compare the September-quarter outcome with the revenue estimate of up to INR 226.30 billion and assess whether the profit range reflects improving economics in Blinkit and food delivery.